The Mexican peso Extend your advance against American dollar this Thursday. The local currency outlines its third consecutive session with gains, pending the monetary policy announcement of the Bank of Mexico (Banxico).
The exchange rate it is located at 20.1517 units against the record of 20.1876 units at the close of yesterday, with data from Banxico. This means a slight appreciation of 3.59 cents for the peso, equivalent to 0.18 percent.
The cross operates in a limited range between a maximum of 20.2387 units and a minimum of 20.1497 units. The Dollar Index (DXY), which measures the greenback with a basket of six currencies, advanced 0.23% to 98.85 points.
The expectation that the Mexican central bank will increase the rate for the seventh consecutive time supports the peso, despite the fact that the dollar gains against its six main pairs, pending the war between Russia and Ukraine.
“Investors are discounting that Banxico will raise the reference rate by 50 basis points, which would make the carry trade of the peso,” explained Janneth Quiroz, deputy director of analysis for the Monex group.
Regarding the situation in Ukraine, the operators set their sights on the NATO meeting that is taking place in Brussels, with the heads of state of the countries that make up the group, to define more responses to Russia.